CALCMONEY // MORTGAGE // IA
Calculate your monthly mortgage payment using Iowa-specific property tax rates, current average interest rates, and local median home prices.
Open Full Calculator$210,000
6.95%
1.57%
3.8% flat
How today's 6.95% rate compares to recent years
| Period | 30-Yr Rate | vs. Today |
|---|---|---|
| 2026 (current) | 6.95% | — |
| 2024 avg | 7.37% | -0.42% |
| 2023 avg | 7.80% | -0.85% |
| 2022 peak | 7.63% | -0.68% |
| 2021 avg | 3.55% | +3.40% |
| 2020 avg | 3.35% | +3.60% |
Rate estimates based on Freddie Mac Primary Mortgage Market Survey national averages adjusted for Iowa market conditions. Actual rates vary by lender and borrower profile.
| Principal & Interest | $1,112 |
| Property Tax | $275 |
| Homeowners Insurance (est.) | $70 |
| Total Monthly Payment (PITI) | $1,457 |
$42,000
$232,346
$62,435/yr
$210,000 is the median home price across Iowa, set against a $65,600 median household income for a 3.2x price-to-income ratio, 50% below the national median price.
Property taxes in Iowa average 1.57% of assessed value, above the 1.1% national average. On the median home, that's $3,297 a year, or $275 added to the monthly payment.
Unlike the nine no-income-tax states, Iowa taxes wage income at 3.8% flat. Worth running your actual take-home pay against the $1,457/month payment here before locking in a target price.
Day-to-day expenses statewide track at 90 against the national 100 baseline, below average once you look past the mortgage payment itself.
Iowa's median home price runs 2% lower than Louisiana: $215,000 there versus $210,000 here.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $168,000 loan saves $7,560 in interest over 30 years.
Compare Top Iowa Mortgage Lenders